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SOLAR POWER approvals and electricity grid connection approvals are progressing for this project, and Vast Solar is planning for commencement of construction around January 2016. The project is intended to have a 22 month construction period, with commissioning planned for early 2018. This project has at a total estimated installed cost under AUD$100 million and LCOE approaching that of wind-power projects. If these capital costs and LCOE levels are achieved, this could potentially open up OUTLOOK FOR CUMULATIVE INSTALLED CAPACITY OF STE PER REGION IN 2020 AND 2030 OECD North America Latin America Europe (EU-28) Africa Middle East India Dev. Asia China OECD Pacific Global Total Reference (Current Policy) 2020 4,971 83 2,989 1,010 1,993 307 5 2 22 11,381 2030 8,927 1,007 4,968 4,057 5,024 307 1,005 1,002 1,002 27,319 Moderate 2020 8,434 207 2,968 2,541 2,229 1,098 1.961 1,449 954 21,840 2030 27,025 1,048 9,636 26,265 16,647 6,867 8,135 31,340 4,004 130,968 Advanced 2020 9,700 4,917 10,890 3,596 4,503 1,224 1,961 1,449 3,826 42,066 2030 102,677 23,142 34,759 40,542 67,836 11,576 8,135 41,825 19,760 350,252 MARKET PROJECTIONS FOR STE DEVELOPMENT BETWEEN 2015 AND 2050 UNDER REFERENCE (CURRENT POLICY), MODERATE AND ADVANCED (AGGRESSIVE DEVELOPMENT) SCENARIOS 2015 2020 2030 2040 2050 Investment and employment Reference (Current Policy) Annual Installation MW/a 1,171 3,619 5,651 9,500 12,427 Cost €/kW 4,287 3,485 2,814 2,688 2,674 Investment €bn/a 1.57 1.34 2.15 4.60 4.53 Employment Job-Year 18,904 16,981 29,180 62,545 70,197 Moderate STE Market growth Annual Installation MW/a 1,075 4,834 18,876 36,652 61,654 Cost €/kW 4,287 3,485 2,814 2,666 2,637 Investment €bn/a 4.61 16.85 53.13 97.71 162.61 Employment Job-Year 16,964 70,051 269,733 574,049 935,995 Advanced STE Market Growth Annual Installation MW/a 797 11,950 49,758 75,455 131,143 Cost €/kW 4,287 3,485 2,814 2,663 2,577 Investment €bn/a 3.42 41.65 140.04 169.1 209.76 Employment Job-Year 12,985 169,237 712,674 1,072,328 1,443,265 38 energetica INDIA · MAY | JUN16


energetica-india-57_asiapowerweek
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